Medical Office
New
For Sale
$279,000
406 W 26th Street, North Little Rock, AR 72114
Two adjoining suites offer office and exam-room layouts, with the right suite currently vacant.
Property Size2,932 SF
Price / SF$95.16
Days on Market2
Property Features for 406 W 26th Street
General Information
Standard status
Active
Size
2,932 SF
Property subtype
Commercial / Industrial
Additional Details
Office Units
2
Building Details
Buildings
1
Listing Agency:
Marshall Peters & Associates
(501) 414-8340
Listed By:
Chris McCants · License #SA00086115
(501) 553-6224
Source:
Arprorealty
Added: Oct 11
Last Checked: Oct 11 at 2:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marshall Peters & Associates
Investment Insights
Based on property information with market context.
The medical office property contains two suites, each arranged with offices and exam rooms. The left suite housed a hearing lab for an extended period, while the right suite previously served as a physician’s office and is now vacant. A three-year-old roof and parking at the front entrance are also part of the property.
Located on W 26th Street in North Little Rock, the building offers separate suite areas for medical or office occupancy.
Located on W 26th Street in North Little Rock, the building offers separate suite areas for medical or office occupancy.
Key Highlights
- Two suites with office and exam‑room layouts
- Right suite is vacant; left suite housed a hearing lab
- Three‑year‑old roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,521
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,420
$490.4K
Cap Rate 7%
$350,300
$350.3K
Cap Rate 9%
$272,456
$272.5K
Market Conditions
NOI Build-Up for 2,932 SF
Gross rent
$36.9K $12.60/SF
− Vacancy
−$4.2K −$1.45/SF
EGI
$32.7K $11.15/SF
− OpEx
−$8.2K −$2.79/SF
NOI
$24.5K $8.36/SF
Area
Pulaski County, AR
Vacancy
11.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,420
Cap Rate 7%
$350,300
Cap Rate 9%
$272,456
Alternative Uses
Best Use
Healthcare Medical
$452.8K
$396.2K – $528.2K
NOI $31,694 @ 7.0% cap · market cap 11.36%
Second Best
Office B
$350.3K
$306.5K – $408.7K
NOI $24,521 @ 7.0% cap · market cap 8.79%
Theoretical Best
Specialty Retail
$559.3K
$489.4K – $652.5K
NOI $39,150 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72114, AR
10,957
Population
6,733
Households
1.6
Avg Household Size
38
Median Age
19%
College-Educated
84%
High-School Grad
7.7 sq mi
ZIP Area
1,423
Density / Sq Mi
$28,594
Median Household Income
$27,564
Median Earnings
$781
Median Rent
$87,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Park Hill Pet Clinic — 2900 N Main St, North Little Rock, AR 72116
- Eubanks Veterinary Clinic — 1219 W 35th St, North Little Rock, AR 72118
- Shaw Andrea L DVM — 3716 John F Kennedy Blvd, North Little Rock, AR 72116
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two adjoining suites offer office and exam-room layouts, with the right suite currently vacant.
Where is this medical office space located?
The property is located at 406 W 26th Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two suites with office and exam‑room layouts; Right suite is vacant; left suite housed a hearing lab; Three‑year‑old roof
